Energy Product Derivatives - Dominican Republic

  • Dominican Republic
  • The nominal value in the Energy Product Derivatives market is projected to reach US$72.53bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 6.25% resulting in a projected total amount of US$98.21bn by 2029.
  • The average price per contract in the Energy Product Derivatives market amounts to US$0.47 in 2024.
  • From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$26,910.00bn in 2024).
  • In the Energy Product Derivatives market, the number of contracts is expected to amount to 171.90k by 2029.
 
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Analyst Opinion

The Energy Product Derivatives market in Dominican Republic is experiencing a notable shift in recent years. Customer preferences in the Dominican Republic are increasingly leaning towards energy product derivatives as investment options due to their potential for high returns and portfolio diversification.

Trends in the market indicate a growing interest from local investors in energy product derivatives, driven by the volatility in global energy markets and the desire to capitalize on price fluctuations. Local special circumstances, such as the country's heavy reliance on imported energy products and its vulnerability to external market conditions, are prompting investors to turn to derivatives as a way to hedge against price risks and secure their investments. Underlying macroeconomic factors, including fluctuations in global energy prices, government policies related to energy imports, and the overall economic stability of the country, are influencing the development of the Energy Product Derivatives market in the Dominican Republic.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.

Overview

  • Value Development
  • Volume
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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